Use the Car Title Loan Calculator
FTL Title Loans developed a car title loan calculator that provides borrowers with detailed cost related information (instead of vehicle value). Use the car title loan calculator to get an instant estimate any time.
Knowing the estimated costs, before applying, helps provide the information needed to make a decision about a title loan.
Instructions
The car title loan calculator is easy and intuitive. There are three simple steps to get a calculation and payment estimate:
Step 1: Enter the title loan amount. This is how much you plan on borrowing.
Step 2: Select the interest rate. Change it as many times as needed to compare different rates.
Step 3: Select the length of the loan in months. Title loans are anywhere from a month to a couple of years.
Then just click “Calculate”.
The car title loan calculator provides you with a summary of costs and an estimated payment schedule. The payment schedule breakdown includes the payment date, interest amount, principal amount, and total.
Feel free to start over as many times as needed and adjust the numbers until you come up with a monthly payment, total amount, and term that fits with what you are looking for. Once you have this, simply apply online.
Title Loan Calculator
Monthly Payment
Total Interest
Total Payments
About the CAR TITLE LOAN CALCULATOR
The car title loan calculator inputs the title loan amount and length and interest, and then calculates and displays the car title loan cost and cost related information.
The main use for the calculator is to help customers determine the costs of a car title loan before applying for one. Knowing the cost of the loan helps make a decision about whether or not the loan makes sense for a specific situation.
The car title loan calculators has three main inputs:
- Loan Amount
- Loan Length
- Fee Amounts
These three variables are used to generate a monthly payment estimate and amortization schedule for any car title loan. This gives you an idea of how much a specific title loan will actually cost.
Your vehicle’s value is important, but a car title loan calculator is not what you use to find your vehicle value. There are companies like Kelley Blue Book, Edmunds, and NADA that specialize in providing vehicle values. Use one of these services to calculate your car’s value.
WHY DO I NEED A CAR TITLE LOAN CALCULATOR?
One of the biggest deciding factors when getting a car title loan is the cost. Some title loan companies make it difficult to find out both the cost of the loan and the interest rate. This is especially important for title loans online with no phone calls.
FTL Title Loans understands the need to have cost information before making a decision. We developed our digital car title loan calculator to provide every visitor with the ability to calculate costs at any time.
This lets you calculate the interest, fees, and payments for any car title loan amount.
Having his information is critical to being able to decide whether or not a car title loan is both affordable, and makes sense for your situation.
Features and Benefits
Using the car title loan calculator provides several benefits and has several features. The tool helps provide insight into what title loans cost. This is a significant benefit as it allows you to plan ahead. This will help make an informed decision. Some additional features and benefits include:
- Ability to compare different loan amounts
- Compare different terms and associated monthly payments
- Find the ideal loan amount and term
- Estimate repayment time periods
Most title lenders quote their interest rates in monthly terms, so the title loan calculator is set up to provide the monthly rate and the APR. It is important to understand the difference between the monthly rate and APR.
Comparing Different Interest Rates
Easily change the interest rate to compare a different lender.
Vehicle Value
Vehicle value is assessed, not calculated. This requires judgment from a person and cannot be done by a computer. To get your car’s approximate value we suggest suing one of the free valuation tools. The companies that specialize in valuing vehicles have access to large amounts of historical sales data, both wholesale and retail, that no title loan company does.
To assess your vehicle’s condition, a key factor in determining value, make sure to use your best judgement.